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    Collections Manager - Toronto, Canada - Money Mart Financial Services

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    Full time
    Description

    Company Description

    Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Backed by a retail network of over 400 locations, we provide access to cash and related products to help our customers achieve their goals.

    Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, check cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Money Mart Financial Services provides solutions.

    #Corporate

    Job Description

    *Candidates must reside in the GTA area to be considered for this role as they will be required to be in office 3 days a week at the Toronto Corporate Office.

    GENERAL FUNCTION

    The Collections Manager is a management level position responsible for accomplishing results through the management of a team or department in an effort to contact clients for collection purposes in coordination with the Operations – Collections team as well as dialer management and Retail Operations. The overall objective of this role is to drive recovery efforts on early, late stage and charged off delinquent customer accounts which may include all check cashing, loan and insurance products.

    DUTIES/RESPONSIBILITIES

  • Develop and implement effective collections strategies and procedures to maximize debt recovery while maintaining positive customer relationships.
  • Manage a team of collections agents, providing guidance, support, and training as needed.
  • Monitor and analyze the performance of the collections team, implementing measures to improve productivity and success rates.
  • Collaborate with cross-functional teams, including legal, finance, and customer service, to resolve complex or escalated customer issues.
  • Manage Collections BPO
  • Assist in the management and development of daily and monthly planning, along with suggesting policy and strategic shifts to ensure delivery of end results
  • Resolve varied issues with medium complexity which may have substantial impact on operations
  • Evaluate team performance and make recommendations for pay increases, hiring, terminations and other personnel actions
  • Work across lines with peers in the other lines of business to drive improvement in our collection operations and supporting the retail operations check and loan collections.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Money Mart, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
  • Qualifications

    EDUCATION

  • Bachelor's degree/University degree or equivalent experience
  • EXPERIENCE

  • 5-10 years of experience in a related role
  • Mid to senior level experience with commensurate experience in people management
  • Consistently demonstrates clear and concise written and verbal communication
  • Demonstrated negotiation skills
  • SKILLS

  • Strong knowledge of collections practices, laws, and regulations.
  • Analytical mindset, with the ability to analyze data, identify trends, and make data-driven decisions.
  • Superior communication and organizational skills, and a positive and professional demeanor towards debt collection.
  • Strong leadership skills with a lead by example approach.
  • Able to multitask, meet deadlines, think quickly and be persuasive under pressure.
  • Demonstrated ability to organize and lead a team to meet and exceed goals in a fast-paced environment.
  • Must be self-motivated, demonstrate good organization skills, and work effectively with little or no supervision.
  • Additional Information

    All your information will be kept confidential according to EEO guidelines.

    Additional Information


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